Accounting. Aasa 8 Operating Segment
Slide 1
Welcome to the staff training of AASA 8 Operating Segment!
AASB 8 applies to annual reporting period beginning on/after 1 Jan 2009 and supersedes AASB 114 Segment Reporting when adopted.
Operating Segments specifies the use of a ‘through the eyes of the management’ approach to an entity’s reporting of information relating to its operating segments in annual financial reports, and also requires an entity to report financial and descriptive information about its reportable segments.
AASB 8 is applicable to for-profit entities whose debt or equity securities are traded in a public market and to entities in the process of filing financial statements for the purpose of issuing such instruments.
Slide 2
An entity may comprise one or more operating segments. Individual operating segments may separately be reportable segments or they may be aggregated to form either a single segment or multiple reportable segments.
Slide 3
An entity may comprise one or more operating segments. Individual operating segments may separately be reportable segments or they may be aggregated to form either a single segment or multiple reportable segments.
The size and extent of a reportable segment is determined by the aggregation criteria and quantitative thresholds.
An ‘operating segment’ is a component of an entity:
a. that engages in business activities from which it may earn revenues and incur expenses
b. whose operating results are regularly reviewed by the entity’s chief operating decision maker for resource allocation decision making purposes and performance assessment, and
c. for which discrete financial information is available.
An operating segment may sell primarily or exclusively to other operating segments of the business, or it may engage in business activities for which it has yet to earn revenues; e.g. start-up operations.
Slide 4
Two or more operating segments may be aggregated into a single reportable segment where they are
Welcome to the staff training of AASA 8 Operating Segment!
AASB 8 applies to annual reporting period beginning on/after 1 Jan 2009 and supersedes AASB 114 Segment Reporting when adopted.
Operating Segments specifies the use of a ‘through the eyes of the management’ approach to an entity’s reporting of information relating to its operating segments in annual financial reports, and also requires an entity to report financial and descriptive information about its reportable segments.
AASB 8 is applicable to for-profit entities whose debt or equity securities are traded in a public market and to entities in the process of filing financial statements for the purpose of issuing such instruments.
Slide 2
An entity may comprise one or more operating segments. Individual operating segments may separately be reportable segments or they may be aggregated to form either a single segment or multiple reportable segments.
Slide 3
An entity may comprise one or more operating segments. Individual operating segments may separately be reportable segments or they may be aggregated to form either a single segment or multiple reportable segments.
The size and extent of a reportable segment is determined by the aggregation criteria and quantitative thresholds.
An ‘operating segment’ is a component of an entity:
a. that engages in business activities from which it may earn revenues and incur expenses
b. whose operating results are regularly reviewed by the entity’s chief operating decision maker for resource allocation decision making purposes and performance assessment, and
c. for which discrete financial information is available.
An operating segment may sell primarily or exclusively to other operating segments of the business, or it may engage in business activities for which it has yet to earn revenues; e.g. start-up operations.
Slide 4
Two or more operating segments may be aggregated into a single reportable segment where they are